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SS&C Technologies, GEON Performance, Cornerstone Building, EnergySolutions launch loans
By Sara Rosenberg
New York, April 29 – In the primary market on Monday, SS&C Technologies Inc., GEON Performance Solutions LLC, Cornerstone Building Brands Inc. and EnergySolutions all released price talk on term loan transactions in connection with lender calls.
Furthermore, Presidio Inc. (Fortress Intermediate 3 Inc.) and APi Group Corp. joined this week’s new issue calendar.
SS&C Technologies emerged in the morning with plans to hold a lender call at noon ET on Monday to launch a $2.775 billion seven-year senior secured covenant-lite first-lien term loan B-8 (Ba1/BB+) talked at SOFR plus 200 basis points to 225 bps with a 0% floor, an original issue discount of 99.5 to 99.75 and 101 soft call protection for six months, according to a market source.
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